Latest threads in Taxes General Forumshow only best voted threads
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shareholder's stock basis report/statement for year 2014
My friend's accountant who is doing his personal taxes for my s corp as he is shareholder is asking me shareholder's stock basis report/statement for year 2014. Does anyone know what this is or how I...
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8 years ago
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dissolving of s corp help and trying to find date when shares are disposed from another shareholder in the company
There are three shareholders in my s corp We all started the company 10 years ago at the same time and dissolved it at the end of december. But we use different accountants, one of the accountants ask...
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8 years ago
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Allstate Auto Renigs - Off Topic
I couldn't find a legal group for this that looked like it was active. If you can direct me to one, thank you. My daughter has Allstate auto insurance. In an accident that occured months ago, she was...
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8 years ago
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Sales tax on internet orders?
NY has a 4% sales tax, and my county has a 3.5% tax. In the past companies with a presence in NY charged 7.5% tax. The last two things I bought charged 4% tax. Was I overcharged in the past,...
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8 years ago
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Passive Income
I have a question about whether or not rental income would be considered passive in this situation: Person owns and lives in a house, and rents out two bedrooms. He is the only one dealing with the...
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8 years ago
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All cash merger, owned less than a year
Due to a merger, I received all cash for stock I held less than a year. Is there any way to avoid short-term treatment of gain by re-investing?
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8 years ago
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Sophy tax case re unmarried couple and mortgage debt.
Law360, New York (August 7, 2015, 7:12 PM ET) -- The Ninth Circuit, in a 2-1 decision Friday, said an unmarried couple who jointly own homes are not subject to the interest deduction limits for...
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8 years ago
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Does asbestos remediation affect my basis
I live in an old (early 1900's) three-story condo along with two other owners. The front of the building contains asbestos. Together, we have hired a company to remove the front of the building,...
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8 years ago
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Taxes on out of home state employment?
My son is a legal resident of NYS and goes to college full time in NYS. In July he lived and worked in Connecticut. Does he have to file a CT tax return, or can he just assume the withholding covers...
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8 years ago
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Minimum interest required?
I know that if you don't have enough interest on a loan to a family member the IRS will input the interest. What is the minimum acceptable?
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8 years ago
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Not a Tax issue
I was a long term Intel employee (now retired) and company investor. A friend has suggested to me, that my circa 1972 INTC paper stock certs may be more valuable than the underlying stock - as a...
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8 years ago
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Final Regulations Published On Where To File For Refund and/or Credit Claim
The IRS published T.D. 9727, the final regulations under IRC Sec. 6402. The final regulations state that unless otherwise directed by the IRS, a claim for refund or credit should be filed with the IRS...
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8 years ago
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Gift Tax
An individual receives a $250000 life insurance payment and decides to give his sister half of it. This person has modest income and will probably never have deal with the estate tax. Should he file a...
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8 years ago
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Deprectiation schedule
When taking a Section 179 deduction, how does that affect the numbers shown on the depreciation schedule? The "basis for depreciation" is the cost less the Section 179 deduction, as that is the amount...
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8 years ago
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previous employer pension partial rollover and personal disbursement
I have about $24,000 with a previous employer pension that I absolutely need about $5,000 of and would like to rollover the remaining balance to my new employer, minus required taxes. I understand the...
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8 years ago
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